Property Loan against Commercial & Residential Properties India

Loan Against Property allows you to use the value locked up in a property to meet any expenses you may have. While the loan amount depends on the total value of your property, you are free to use the funds as you see fit. Your property acts as collateral for the loan, but you can continue to use it as before.

we provide customized property loan depending on your requirement. Thus, you may be salaried, self-employed or an SME - rest assured, we have a product for you. Our streamlined process with minimal documentation ensures a hassle-free experience for every customer.

You can reach out to our support team for answers to any queries you may have or information you need via phone, email, or chat. Apply for a Loan Against Property today, and make the most of a host of advantages as our valued client.

Why We Take Loan Against Property:

Some of the basic purposes for which this loan is usually taken are expanding business, and other. The loan is granted against the mortgage of the residential/commercial/industrial property. The end use of the loan should be from the uses allowed by the bank. The borrower is required to declare the end use of the loan in its application form.

What are the properties to need about loan against property type?

A Loan against Property is a convenient option to finance all high-end expenditures for business or personal purposes. You can mortgage various Loan against Property types as collateral to avail funds of up to Maximum your document limit.

Self-occupied residential property, including house, apartment, flat, etc. Rented residential properties are also accepted as Property Loan types. Commercial property such as an office building, shops, malls, complexes, etc. A plot of land under your ownership is accepted as one of the Home Mortgage Loan types

Types of Loan against property:

Business expansion
Acquiring assets
Any medical emergency

The lowest interest rate charged on a property loan. All banks and NPFCs offer property loans for these purposes: such as loans against residential properties, only selected banks provide loans against commercial properties. Financial institutions are generally open to extending loans against residential properties. Offer very low NBFCs and bank loans against industrial assets. Debt overdraft against property: Overdraft facility is obtained by borrowers who expect to have surplus income or volatile income for the year.

This facility allows you to deposit the surplus amount available for any period of time, which may reduce your loan liability for a few days in the property account and reduce your interest liability. This option is best suited for self-employed entrepreneurs or professionals with volatile financial needs throughout the year.

Property Debt Top Up: A top up loan is an additional loan that can be used to repay your current loan against the property. You can top up from an existing bank or get your outstanding asset loan at the time of transfer from one bank to another to get lower interest rates. The LTV cap for the loan against the property is used to calculate your eligibility on the loan amount. This means that the amount of the top up loan and the outstanding balance of your existing mortgage must be less than or equal to 70% of the market value of the property. The top up amount may vary from bank to bank depending on your income and the value of the property and requires a thorough comparison.

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